Life Underwriting Officer at AIICO AIICO Insurance Plc

AIICO Insurance Plc is an insurance, pensions management, and asset management Group in Nigeria, with market-leading positions in life assurance, annuity, general insurance, special risks, pension management, health insurance, and asset management. Established in 1963, AIICO Insurance Plc has a strong retail distribution network and is listed on the Nigerian Stock Exchange.

We are recruiting to fill the position below:

Job Title: Life Underwriting Officer

Location: Port Harcourt, Rivers
Employment Type: Full-time

Job Summary 

• Retail technical team is seeking to recruit a young, self-motivated, and talented staff to join the team.
• The successful candidate will assist the rest of the team to identify business' needs and implement plans to actualize the organization’s goals.

Responsibilities

• Implement the process of analysing/assessing risks, with a view to, offering competitive terms, while ensuring commensurate premium for the risk exposure.
• Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe profitable distribution of risks, using reference materials.
• Ensure that all aspects of the required medical standard are adhered to in terms of underwriting policies bearing the cost implications in mind.
• Ensure implementation of reviewed medical underwriting standard.
• Ensure the implementation of process improvements practices to promote increased quality of service to enable the underwriting team to meet and exceed expectations on process turnaround for new business transactions, renewal, endorsement transactions and inspection reviews.
• Implement reinsurance programs to meet standards of the company.
• Apply advised rates, policy terms, conditions, discounts, loadings and deductibles/excess and proffer risk management solutions and risk improvement measures where necessary.
• Deliver quality customer service by responding swiftly to queries and concerns from internal and external clients.
• Ensure that the required investigations and inspections are carried out by the team prior to underwriting.
• Ensuring compliance with various Service Levels Agreements (SLAs) by monitoring timely issuance and delivery of policy documents.
• Any other additional tasks that may be assigned as required by the business.

Requirements

• Proficient in the use of Microsoft applications and spreadsheet, Particularly Word, Excel, PowerPoint, and Project and InfoPath.
• Numerical accuracy and pay attention to details.
• Excellent inter-personal skills with ability to work unsupervised and as part of a team.
• Possess exceptional problem-solving skills i.e. analyse problems, find solutions and implementing them.
• Able to learn quickly and understand new techniques and ideas.
• Highly developed research and analytical skills with strategic thinking and planning.

Application Closing Date
6th November, 2024. 

Method of Application
Interested and qualified candidates should send their Resume to: [email protected] using the Job Title as the subject of the mail.